|
J
<br />v n C, o n rn rrt
<br />[171 l rm N N C D O
<br />N CD
<br />S D Z � n a < m cz, CD O.
<br />7C T W 'i = N
<br />i 3 r X .�►
<br />CID in
<br />o r in N —e
<br />C13 vv q CD
<br />C C
<br />State of Nebraska Space Above This fine For Recording Data
<br />DEED OF TRUST
<br />(With Future Advance Clause) 200202787
<br />® Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is MARCH-8,--2002 _ _
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />C
<br />TRUSTOR: PERCY L UPTON AND
<br />NICOLLE UPTON, HUSBAND AND WIFE
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Earl D Ahlschwede, Attorney
<br />BENEFICIARY:
<br />Equitable Federal Savings Bank of Grand Island
<br />113 -115 N. Locust Street Grand Island, NE 68801 -6003
<br />Organized and Existing Under the Laws of The State of Nebraska
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor s performance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT ONE (1), BLOCK TWO (2), CRANE VALLEY SUBDIVISION IN THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />The property is located in Hall at 710 DIERS AVE N
<br />in ----------------- Ha-1-1 --- --- — --------------- - ----
<br />(County)
<br />-------- _--------- _- GRAND ISLAND .......... Nebraska ----- 68803_._._
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 8221,000.00 ------- ----- - - - - -- - This limitation of amount does not include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under
<br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br />Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined ac follows:
<br />A. Debt incurred under the terns of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br />.suggested that you include items such as bannwers' names, note amounts, interest rates, maturity datee, etc.)
<br />A Promissory Note dated MARCH 8, 2002 WITH MATURITY OF MAY 8, 2002
<br />NEBRASKA -DEED OF TRUST (NOT FOR FNM A, FHLMC, FHA OR VA USE)
<br />(D 1094 Bankers Systems, Inc., SL Cloud, MN it .800-397-2341 ) Form RE -0T-NE 1a127197
<br />(M C165(NE)(9908).a1 VMP MORTGAGE FORMS- (800)5217291
<br />n , (page J y( y)
<br />
|